How to get started with real estate?

[jenstot]

Investing in real estate seems interesting. Has anyone tried this one? Can you suggest tips on how to get started in this business? I want to learn the basics before I start investing.

[tongyun]

You'll need some money to get started and you'll also need excellent credit to get a loan. The rules are different for owner occupied versus non-owner occupied. For example, with a owner occupied home, in the United States you can have as little as 3% down. For a non-owner occupied, you're looking at about 20% down.

[Misty]

I suppose the rules are different in each different country.

I have made a couple of investments over here in Spain and they paid off very well.

You do need plenty of money for a cash deposit. The less you borrow, the better. You also need to consider your options, are you looking for a place to do up and turn around a quick profit or are you looking to buy a place to rent out?

[michlele21]

The best thing right now is to buy properties in LA & Vegas.